IT Services Wage vs Employment Trend

Latest Wage Growth

Latest Employment Growth

Average Gap Since Sep 2023

Peak Divergence

Executive takeaway

Pricing-ready summary

Copy-friendly wording for a pricing or cost-pressure section.

Wage growth held up as employment growth rolled over

The wage-employment gap widened rapidly after the late-2023 inflection

Since Jan 2023, hourly earnings rose while headcount slipped

The sector moved from “both positive” to “wages up, jobs down”

Largest divergence months since the shift

Key turning points to reference in pricing copy

Event	Month	Employment YoY	Wage YoY	Gap

year,period,periodName,employees,hourly_earnings,date,employees_yoy_pct,earnings_yoy_pct,emp_yoy_ma,wage_yoy_ma,wage_emp_gap,wage_emp_gap_ma
2016,M01,January,1957200.0,45.14,2016-01-01,,,,,,
2016,M02,February,1963000.0,44.89,2016-02-01,,,,,,
2016,M03,March,1968300.0,44.86,2016-03-01,,,,,,
2016,M04,April,1976600.0,45.08,2016-04-01,,,,,,
2016,M05,May,1985900.0,45.24,2016-05-01,,,,,,
2016,M06,June,1993200.0,45.32,2016-06-01,,,,,,
2016,M07,July,1997800.0,45.29,2016-07-01,,,,,,
2016,M08,August,1999900.0,45.21,2016-08-01,,,,,,
2016,M09,September,2010400.0,45.36,2016-09-01,,,,,,
2016,M10,October,2016400.0,45.48,2016-10-01,,,,,,
2016,M11,November,2021100.0,45.52,2016-11-01,,,,,,
2016,M12,December,2026100.0,45.6,2016-12-01,,,,,,
2017,M01,January,2036100.0,45.72,2017-01-01,4.03126916002452,1.2848914488258645,,,-2.7463777111986554,
2017,M02,February,2040100.0,45.74,2017-02-01,3.92766174223127,1.89351748719091,,,-2.03414425504036,
2017,M03,March,2038000.0,46.08,2017-03-01,3.5411268607427715,2.7195720017833214,,,-0.8215548589594501,
2017,M04,April,2039200.0,45.86,2017-04-01,3.167054538095715,1.7302573203194394,,,-1.4367972177762756,
2017,M05,May,2040900.0,45.85,2017-05-01,2.769525152323893,1.3483642793987505,,,-1.4211608729251424,
2017,M06,June,2045400.0,45.82,2017-06-01,2.618904274533418,1.103265666372466,3.3425902879919307,1.6799780339817918,-1.5156386081609519,-1.6626122540101391
2017,M07,July,2049200.0,46.09,2017-07-01,2.572830113124436,1.7663943475380917,3.099517113508584,1.7602285171004965,-0.8064357655863446,-1.3392885964080874
2017,M08,August,2055800.0,46.26,2017-08-01,2.7951397569878638,2.3224950232249464,2.9107634493013492,1.8317247731061694,-0.4726447337629174,-1.0790386761951802
2017,M09,September,2059800.0,46.75,2017-09-01,2.457222443294871,3.06437389770724,2.7301127130600324,1.8891917557601559,0.6071514544123691,-0.8409209572998771
2017,M10,October,2066100.0,46.67,2017-10-01,2.464788732394374,2.6165347405453065,2.613068412109809,2.0369046591311335,0.15174600815093253,-0.5761637529786757
2017,M11,November,2067500.0,46.8,2017-11-01,2.295779526000685,2.81195079086114,2.534110807722608,2.280835744374865,0.5161712648604553,-0.2532750633477428
2017,M12,December,2073500.0,47.17,2017-12-01,2.339469917575632,3.442982456140342,2.4875384148963104,2.670788542669511,1.10351253856471,0.18325012777320082
2018,M01,January,2085200.0,47.02,2018-01-01,2.4114729139040225,2.84339457567806,2.4606455483595746,2.850288580692839,0.43192166177403735,0.38964303233326447
2018,M02,February,2091600.0,47.34,2018-02-01,2.524386059506889,3.498032356799308,2.4155199321127454,3.0462114696218996,0.9736462972924191,0.6306915375091539
2018,M03,March,2094100.0,47.52,2018-03-01,2.752698724239444,3.125,2.464765978936841,3.0563158200040257,0.37230127576055594,0.591549841067185
2018,M04,April,2098300.0,47.59,2018-04-01,2.898195370733614,3.772350632359367,2.537000418660048,3.248951801973037,0.8741552616257531,0.7119513833129885
2018,M05,May,2106100.0,47.65,2018-05-01,3.19466901857024,3.925845147219187,2.686815334088307,3.4346008613660444,0.7311761286489467,0.7477855272777371
2018,M06,June,2113700.0,47.86,2018-06-01,3.3392001564486185,4.452204277608041,2.853437040567138,3.6028044982773273,1.1130041211594222,0.7493674577101891
2018,M07,July,2122100.0,47.99,2018-07-01,3.557485848135866,4.122369277500537,3.0444391962724455,3.815966948581073,0.564883429364671,0.771527752308628
2018,M08,August,2127700.0,48.16,2018-08-01,3.497421928203126,4.107220060527461,3.2066118410551514,3.9174982325357655,0.6097981323243351,0.7108863914806139
2018,M09,September,2132800.0,48.09,2018-09-01,3.5440334013010943,2.8663101604278207,3.3385009538987602,3.874383259273736,-0.6777232408732736,0.5358823053749757
2018,M10,October,2142400.0,48.0,2018-10-01,3.6929480664052994,2.849796443111208,3.4709597365107077,3.7206242277323756,-0.8431516232940912,0.24966449122166834
2018,M11,November,2151600.0,48.27,2018-11-01,4.067714631197106,3.141025641025652,3.6164673386151853,3.58982097670012,-0.9266889901714537,-0.02664636191506505
2018,M12,December,2154400.0,48.21,2018-12-01,3.901615625753552,2.204791180835275,3.710203250166007,3.2152521272379926,-1.6968244449182772,-0.49495112292801496
2019,M01,January,2153600.0,48.17,2019-01-01,3.2802608862459337,2.4457677584006854,3.663999089851018,2.93581854072135,-0.8344931278452483,-0.7281805491296681
2019,M02,February,2156900.0,48.18,2019-02-01,3.122011856951623,1.7743979721166037,3.601430744642435,2.5470148593195407,-1.3476138848350194,-1.054415885322894
2019,M03,March,2168700.0,48.7,2019-03-01,3.562389570698632,2.483164983164987,3.6044901062086905,2.4831573297757354,-1.0792245875336448,-1.1213327764329557
2019,M04,April,2180700.0,48.65,2019-04-01,3.9269885145117422,2.227358688800152,3.643496847559765,2.379417704057226,-1.69962982571159,-1.2640791435025387
2019,M05,May,2189400.0,48.88,2019-05-01,3.955177816817823,2.5813221406086218,3.6247407118298844,2.286133787321054,-1.3738556762092013,-1.3386069245088301
2019,M06,June,2199700.0,48.83,2019-06-01,4.068694705965847,2.0267446719598903,3.6525872251986002,2.256459369175157,-2.041950034005957,-1.3961278560234434
2019,M07,July,2208200.0,48.88,2019-07-01,4.057301729418983,1.854553031881645,3.782094032394108,2.1579235814219833,-2.202748697537338,-1.624170450972125
2019,M08,August,2216400.0,48.96,2019-08-01,4.168820792404948,1.661129568106312,3.956562188302996,2.1390455140869347,-2.507691224298636,-1.8175166742160613
2019,M09,September,2214100.0,49.05,2019-09-01,3.8118904726181615,1.9962570180910744,3.998145671956251,2.057894186574616,-1.8156334545270871,-1.940251485381635
2019,M10,October,2213800.0,48.87,2019-10-01,3.332710978342046,1.812499999999995,3.8990994159279677,1.9887510717745898,-1.5202109783420512,-1.9103483441533784
2019,M11,November,2218900.0,48.92,2019-11-01,3.1279048150213877,1.346592086181886,3.7612205822952287,1.7829627293701338,-1.7813127288395016,-1.9782578529250952
2019,M12,December,2213600.0,48.92,2019-12-01,2.7478648347567747,1.472723501348261,3.5410822704270504,1.6906258676015289,-1.2751413334085138,-1.850456402825521
2020,M01,January,2228500.0,48.91,2020-01-01,3.477897473997027,1.5362258667220186,3.4445148945233903,1.6375713400749243,-1.9416716072750084,-1.8069435544484662
2020,M02,February,2234100.0,48.82,2020-02-01,3.579210904538921,1.328352013283518,3.3462465798790526,1.5821084142711255,-2.250858891255403,-1.7641381656079274
2020,M03,March,2219800.0,48.93,2020-03-01,2.3562502881910863,0.4722792607802839,3.103639882474541,1.3281121213859937,-1.8839710274108024,-1.775527761088547
2020,M04,April,2165800.0,48.87,2020-04-01,-0.6832668409226361,0.4522096608427617,2.4343102459304267,1.1013970648597882,1.1354765017653978,-1.3329131810706387
2020,M05,May,2166100.0,49.13,2020-05-01,-1.0642185073536092,0.5114566284779132,1.7356230255345941,0.9622078219091262,1.5756751358315224,-0.7734152036254679
2020,M06,June,2167700.0,49.1,2020-06-01,-1.4547438287039194,0.5529387671513453,1.0351882482911448,0.8089103662096401,2.0076825958552647,-0.2262778820815048
2020,M07,July,2167200.0,49.31,2020-07-01,-1.8567158771850332,0.8797054009819893,0.14608602309413488,0.6994902885863019,2.7364212781670227,0.553404265492167
2020,M08,August,2180600.0,49.49,2020-08-01,-1.6152319075979027,1.0825163398692883,-0.7196544455953356,0.658517676350597,2.697748247467191,1.3781721219459326
2020,M09,September,2191300.0,49.64,2020-09-01,-1.02976378664017,1.2028542303771816,-1.2839901247338785,0.7802801712834132,2.2326180170173515,2.0642702960172916
2020,M10,October,2202500.0,49.93,2020-10-01,-0.5104345469328808,2.169019848577869,-1.2551847424022526,1.0664152025725977,2.6794543955107497,2.32159994497485
2020,M11,November,2208300.0,50.11,2020-11-01,-0.4777141827031372,2.4325429272281207,-1.157434021627174,1.3865962523642992,2.910257109931258,2.544030273991473
2020,M12,December,2222100.0,50.32,2020-12-01,0.3839898807372677,2.861815208503682,-0.8509784033869762,1.7714089925896885,2.477825327766414,2.6223873959766646
2021,M01,January,2232600.0,50.5,2021-01-01,0.1839802557774383,3.250868942956453,-0.5108623812265641,2.1666029162520988,3.0668886871790146,2.6774652974786632
2021,M02,February,2249000.0,50.63,2021-02-01,0.6669352311893029,3.707496927488729,-0.13050119142869657,2.604099680855339,3.040561696299426,2.7346008722840356
2021,M03,March,2260500.0,50.66,2021-03-01,1.8334985133795945,3.5356631923155524,0.34670919190793087,2.992901174511734,1.702164678935958,2.646191982603803
2021,M04,April,2272300.0,50.99,2021-04-01,4.91735155600701,4.338039697155738,1.2513402090645795,3.354404482608046,-0.5793118588512725,2.1030642735434664
2021,M05,May,2279100.0,51.23,2021-05-01,5.2167489958912405,4.274374109505374,2.200417405496976,3.661376346320921,-0.9423748863858661,1.4609589408239458
2021,M06,June,2296900.0,51.48,2021-06-01,5.960234349771643,4.847250509164969,3.1297914836693717,3.9922822297644696,-1.1129838406066739,0.8624907460950978
2021,M07,July,2319600.0,52.25,2021-07-01,7.032115171650055,5.962279456499697,4.271147302981475,4.444183982021676,-1.069835715150358,0.17303667904020226
2021,M08,August,2332000.0,52.0,2021-08-01,6.943043199119514,5.07173166296222,5.317165297636509,4.671556437933925,-1.871311536157294,-0.6456088597025844
2021,M09,September,2348900.0,52.0,2021-09-01,7.192077762059057,4.754230459307007,6.210261839083086,4.8746509824325015,-2.4378473027520497,-1.3356108566505858
2021,M10,October,2361200.0,52.88,2021-10-01,7.205448354143029,5.908271580212299,6.59161130543909,5.1363562962752605,-1.2971767739307305,-1.4552550091638288
2021,M11,November,2377800.0,53.05,2021-11-01,7.675587556038588,5.867092396727203,7.001417732130314,5.4018093441455655,-1.8084951593113852,-1.5996083879847485
2021,M12,December,2389500.0,53.43,2021-12-01,7.53341433778858,6.180445151033376,7.263614396799805,5.6240084511236335,-1.352969186755204,-1.6396059456761705
2022,M01,January,2406900.0,53.97,2022-01-01,7.80704111797903,6.871287128712877,7.392768721187966,5.77550972982583,-0.9357539892661526,-1.617258991362136
2022,M02,February,2413600.0,54.66,2022-02-01,7.31880835927079,7.9597076831917635,7.455396247879846,6.2568390665307545,0.6408993239209737,-1.1985571813490914
2022,M03,March,2436500.0,54.79,2022-03-01,7.785888077858871,8.152388472167393,7.554364633846482,6.823198735340817,0.3665003943085221,-0.7311658985056627
2022,M04,April,2441600.0,55.38,2022-04-01,7.450600712934041,8.609531280643257,7.59522336031165,7.273408685412645,1.1589305677092154,-0.3218146748990051
2022,M05,May,2453300.0,55.49,2022-05-01,7.643367996138828,8.31544017177437,7.5898534336616885,7.681466647920506,0.6720721756355417,0.09161321425881604
2022,M06,June,2458300.0,55.87,2022-06-01,7.026862292655323,8.527583527583538,7.505428092806146,8.072656377345533,1.500721234928215,0.5672282845393859
2022,M07,July,2457100.0,55.89,2022-07-01,5.927746163131564,6.966507177033487,7.1922122669982365,8.088526385398968,1.0387610139019232,0.8963141184007318
2022,M08,August,2462000.0,55.81,2022-08-01,5.574614065180095,7.326923076923086,6.90151321798312,7.983062284354188,1.7523090117429918,1.0815490663710683
2022,M09,September,2469300.0,56.06,2022-09-01,5.125803567627396,7.8076923076923155,6.4581657996112085,7.925612923608344,2.6818887400649194,1.4674471239971343
2022,M10,October,2479000.0,56.03,2022-10-01,4.988988649839055,5.956883509833588,6.047897122428711,7.48350496180673,0.9678948599945327,1.4356078393780205
2022,M11,November,2482900.0,56.03,2022-11-01,4.420052149045328,5.617342130065994,5.510677814579793,7.033821954855335,1.197289981020666,1.5231441402755415
2022,M12,December,2483000.0,55.75,2022-12-01,3.912952500523126,4.3421298895751415,4.991692849224427,6.336246348520603,0.42917738905201563,1.3445534992961747
2023,M01,January,2478600.0,56.2,2023-01-01,2.978935560264251,4.131925143598303,4.500224415413208,5.863816009614737,1.152989583334052,1.3635915942015295
2023,M02,February,2481300.0,56.0,2023-02-01,2.804938680808755,2.451518477863157,4.038611851351319,5.051248576438083,-0.35342020294559795,1.0126367250867647
2023,M03,March,2483500.0,56.12,2023-03-01,1.9289965113892915,2.4274502646468354,3.5058106753116345,4.154541569263837,0.49845375325754393,0.6487308939522021
2023,M04,April,2482400.0,56.05,2023-04-01,1.671035386631714,1.209823040808944,2.9528184647770774,3.363364824426396,-0.46121234582276993,0.41054635964931824
2023,M05,May,2478200.0,56.06,2023-05-01,1.0149594423837227,1.0272121102901322,2.38530301366681,2.5983431544637523,0.012252667906409442,0.2130401407969422
2023,M06,June,2472900.0,55.95,2023-06-01,0.5939063580523207,0.1431895471630584,1.8321286565883426,1.8985197640617384,-0.4507168108892623,0.06639110747339587
2023,M07,July,2470700.0,56.55,2023-07-01,0.5534980261283629,1.1808910359634828,1.4278890675656946,1.4066807461226016,0.6273930098351199,-0.021208321443092815
2023,M08,August,2467000.0,56.34,2023-08-01,0.2030869212022779,0.9496506002508508,0.9942471076312814,1.1563694331872172,0.7465636790485729,0.16212232555593567
2023,M09,September,2456500.0,56.2,2023-09-01,-0.5183655286923439,0.249732429539784,0.5863534342843423,0.7934164606693753,0.7680979582321279,0.20706302638503296
2023,M10,October,2454000.0,56.5,2023-10-01,-1.0084711577248884,0.838836337676252,0.1397690102249085,0.7315853434805933,1.8473074954011404,0.5918163332556846
2023,M11,November,2451100.0,56.2,2023-11-01,-1.2807604011438212,0.3034088880956576,-0.24285096369634881,0.6109514731148477,1.5841692892394788,0.8538024368111962
2023,M12,December,2449800.0,56.61,2023-12-01,-1.3370922271445873,1.5426008968609797,-0.5646840612291668,0.8441866980645013,2.879693124005567,1.4088707592936676
2024,M01,January,2446900.0,57.11,2024-01-01,-1.2789477931090087,1.6192170818505325,-0.8700916977687289,0.9172410390456761,2.8981648749595412,1.7873327368144045
2024,M02,February,2444600.0,57.08,2024-02-01,-1.479063394188529,1.928571428571435,-1.1504500836671967,1.0803945104324402,3.407634822759964,2.230844594099637
2024,M03,March,2439800.0,57.45,2024-03-01,-1.759613448761832,2.369921596578761,-1.357324737012111,1.4337593716056027,4.129535045340592,2.7910841086177136
2024,M04,April,2441000.0,58.01,2024-04-01,-1.6677408959071882,3.496877787689568,-1.4672030267091614,1.8767662799411555,5.164618683596756,3.3439693066503167
2024,M05,May,2440600.0,58.01,2024-05-01,-1.5172302477604704,3.4784159828754824,-1.5066146678119363,2.405934129071126,4.995646230635953,3.912548796883062
2024,M06,June,2444700.0,58.62,2024-06-01,-1.1403615188644856,4.772117962466482,-1.4738262164319191,2.9441869733387107,5.912479481330967,4.418013189770629
2024,M07,July,2442600.0,59.06,2024-07-01,-1.137329501760631,4.438549955791338,-1.4502231678738564,3.4140757856621775,5.575879457551968,4.864298953536033
2024,M08,August,2437200.0,59.45,2024-08-01,-1.207944872314548,5.520056798012063,-1.4050367475615262,4.012656680568949,6.728001670326611,5.417693428130474
2024,M09,September,2437600.0,59.76,2024-09-01,-0.7693873397109696,6.334519572953723,-1.2399990627197155,4.673423009964776,7.1039069126646925,5.913422072684491
2024,M10,October,2433400.0,59.9,2024-10-01,-0.8394458027709883,6.017699115044239,-1.1019498805303491,5.093559897857221,6.857144917815228,6.19550977838757
2024,M11,November,2429200.0,60.42,2024-11-01,-0.8934763983517557,7.508896797153031,-0.9979909056288966,5.765306700236813,8.402373195504786,6.763297605865709
2024,M12,December,2431400.0,60.64,2024-12-01,-0.7510817209568144,7.118883589471836,-0.9331109393109512,6.156434304737705,7.86996531042865,7.089545244048657
2025,M01,January,2426300.0,60.59,2025-01-01,-0.8418815644284594,6.093503764664687,-0.8838696164222561,6.43225993954993,6.935385329093147,7.316129555972186
2025,M02,February,2416700.0,60.95,2025-02-01,-1.1412910087539865,6.779957953749127,-0.8727606391621624,6.642243465506108,7.921248962503114,7.515004104668269
2025,M03,March,2408900.0,61.29,2025-03-01,-1.2664972538732666,6.684073107049593,-0.9556122915225452,6.700502387855419,7.9505703609228595,7.656114679377964
2025,M04,April,2411300.0,61.21,2025-04-01,-1.2167144612863612,5.51629029477676,-1.0184904012751075,6.616934251144173,6.733004756063121,7.635424652419279
2025,M05,May,2410300.0,61.58,2025-05-01,-1.2414979922969804,6.154111360110326,-1.0764940002659782,6.391136678303721,7.395609352407306,7.467630678569701
2025,M06,June,2399900.0,61.86,2025-06-01,-1.8325356894506428,5.527123848515858,-1.2567363283482829,6.125843388144392,7.3596595379665,7.382579716492675
2025,M07,July,2395700.0,61.78,2025-07-01,-1.920085155162532,4.60548594649508,-1.4364369268039618,5.877840418449458,6.525571101657612,7.314277345253419
2025,M08,August,2394000.0,62.19,2025-08-01,-1.7725258493353049,4.608915054667784,-1.541642733567515,5.515999935269234,6.381440904003089,7.057642668836749
2025,M09,September,2387600.0,63.07,2025-09-01,-2.0511978995733537,5.538821954484607,-1.6724261745175293,5.32512474317507,7.590019854057961,6.997550917692599
2025,M10,October,2379700.0,63.05,2025-10-01,-2.2067888550998616,5.258764607679467,-1.8374385734864458,5.282203795325521,7.4655534627793285,7.1196423688119665
2025,M11,November,2381500.0,62.87,2025-11-01,-1.9636094187386768,4.054948692485927,-1.9577904778933954,4.932343350721454,6.018558111224603,6.890133828614849
2025,M12,December,2380600.0,63.05,2025-12-01,-2.089331249485893,3.974274406332445,-2.0005897378992703,4.673535110357552,6.063605655818337,6.674124848256821